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PRODUCT
DESCRIPTION:
User-Friendly
and A True MicroFinance Software
CommonCents 101 Micro
Finance and Banking
Software is a window-based, menu-driven, diagram-button-driven
and icon-driven
system
designed initially for Micro-Finance
Institutions (MFIs) with
Grameen and/or ASA methodologies. It is highly differentiated
from a banking software because it is powered by modules and reports
which facilitate and monitor group transactions but also take
considerations of transactions by individual clients. CommonCents 101
is a 3-in-1 software
because it highly integrates
the Loan
Tracking
System, the
Savings System, and the General
Ledger System. This
integration eliminates
data-entry redundancy and makes data in the three areas consistent.
This means that every transaction done in the Loan Tracking and/or
Savings Modules has a corresponding journalized entry in the Financial
System. This also means that savings transaction may also be integrated
during loan transactions (ex. Release, Payment and
Adjustment).
Through its years of usage and operations, banking modules and reports
have been added to the software which makes the system
functional
for banks with simple operations. Additional banking features and
reports are continuously added and enhanced to answer the
growing
information and reportorial requirements of banks with relatively
more-advanced operations.
Dynamic
Software
CommonCents 101
Software is a software that can be easily upgraded because it uses
Object-Oriented
Programming (OOP) and N-Tier Architecture in its
design and development. (You may view the CommonCents 101
n-Tier diagram). In some
degree, it adapts the Service Oriented
Architecture (SOA) because it uses reusable classes (tiers or
services). It also uses data classes and forms produced by CENTECH's
VB6 Form and DataClass Generator. The software is coded using Visual
Basic 6.0 and uses Crystal Report 8.0 as its report designer.
Scalable Database
The data of the
CommonCents 101 software can either be stored in MS
Access 2000
or MS SQL Server 2000 databases
and in year 2011, MySQL database
--an open-source
database. This advanced IT methodology makes future
enhancement
relatively easy and fast. Futhermore, client-partners will have no
problem in the future if they decides to upgrade their database to a
higher level or version.
Tested and Reliable
Software
CommonCents 101
Software started its development early of 2002 and modules and reports
are continuously added/enhanced based on the suggestions of
current client-partners.
The system is now currently used by big MFIs and bank nationwide with
a total of one hundred forty (140) plus branch- installations across
regions. CommonCents101 software has also been shown and demonstrated
to some MFIs and Banks IT personnel through some software-demostrations
activities sponsored by Funders and MFI networks (e.q. Philnet, Visayas
PEF). It has also been shown to funder’s IT
personnel (e.q.
PCFC, Philippine CGAP MIS consultant) for comments and
suggestions.
Capable and Competent
Software Designer and Technical Support
CommonCents 101 software
is designed and developed by CEN Systems and Technologies (CENTECH) Corp
who has highly competent and
experienced Information Technology
(IT) professionals. The
technical team is headed by Carlo B. Sicad
--The chief software architect—who has 23
years of IT
experience and 9 years of MicroFinance IT experience.
He has
developed many application software for NGOs and most of them were
Financial Systems. He is also the Chief
developer of RMG-MIS—a
micro-finance software developed last 2001 for MFI clients of People
Credit Finance Corp (PCFC)-- which was funded by ADB.
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